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Search Results 0 to 8 of about 9 (some duplicates have been removed)
. >>> two major japanese automakers, toyota motor and mazda motor, are expanding their business alliance this time abroad. they have agreed to produce a toyota brand car at mazda's plant in mexico. the companies have announced that they will make 50,000 subcompact cars a year at a plant mazda is now building in central mexico. production is scheduled to begin around the summer of 2015. toyota plans to sell the cars in north america. a new design based on mazda's demio model will be used for this new car. toyota will pay for part of the necessary production equipment and also shoulder some development costs. with the agreement, toyota aims to strengthen its lum in north america. mazda on its part is hoping to ramp up production efficiency at the new plant and improve its profitability. the two firms had earlier joined hands to produce a hybrid car in japan. >>> japanese steelmakers have reported sharp profit declines in their first half of their business year. that's due to flagging overseas demand and increasing competition from china and south korea. three steel companies said that alth
. i'm james tengan in beijing. >> james, thanks. >>> two major japanese automakers, toyota motor and mazda motor are expanding their business alliance, this time abroad. they agreed to produce a toyota brand car at mazda's plant in mexico. the companies have announced they will make 50,000 sub compact cars a year at a plant that mazda is now building in central mexico. production is scheduled to begin in the summer of 2015. a new design based on mazda's demio model will be used for this new car. toyota will pay for part of the production quip and and shoulder some development costs. toyota aims to strengthen its lineup in north america. mazda on its part is hoping to ramp up production efficiency at the new plant and improve its profitability. the two firms earlier joined hands to produce a hybrid car in japan. mazda will be using toyota's hybrid car technology for the production of the car. >>> japanese steelmakers have reported sharp profit declines in the first half of their business year. that's due to flagging overseas demand and increasing competition from china and south k
. >>> toyota motors says it will recall over 1.5 million cars in japan as there are separate defects in the steering wheel and hybrid fuel system. it will be the automaker's largest ever recall in the country. toyota says a design error for a shaft part was found in nine models including prius and wish made between august 2000 and last december. the car maker says the steering wheel could malfunction if the driver repeatedly turns it to the maximum. the recall also involved five models of hybrids including alphard hybrid and prius made between may 2001 and last december. toyota says a manufacturing error was found in the electrical system for the water pump to cool the voltage converter. the automaker warnings that the defects could force the car to stop running due to a short circuit. toyota says there has been no accidents stemming from the defect but says it will start replacing the parts for free. >>> u.s. treasury secretary timothy geithner has echoed president obama on the importance of raising taxes for the wealthy and continuing tax cuts for the middle class. that's to avoid
. >> do you know what else is not working? some cars. >> if you are a toyota executive today, you will be suffering from another big headache. today they recall nearly 3 million vehicles. the problem with these ones is the water pump or steering problem. half of the cars are on the road in japan, most are on the road in -- the rest are on the road in europe and the united states. all of this is a problem for toyota. last month, 7 million recalls over the faulty electrical window bond -- button. 12 million vehicles were recalled over a sticking accelerator. the problem? in the early 2000's, a toyota was focused on becoming the world's biggest car maker. it was all about building. at that time, the experts tell us where toyota dropped the ball. >> you could certainly say that this is a historic problem. the company has done a lot to address it. one of the things they have done, from the scandal two years ago, they have devolve a lot of the managerial responsibilities, allowing people to take into account what is going on in those markets, with more local executives -- european in eu
.27. >> more bad news for toyota. the company is recalling nearly 2.8 million vehicles because of two separate problems. >> and defects 13 different models including the popular prius hybrid. this time, the move concerns a defect in the steering shaft and problems with the water pump. toyota says no injuries or accidents have been reported. well, one of the world's most famous diamonds has sold at auction for nearly 17 million euros. it is named after the archduke yosef, its former austrian owner. >> the 76-carat diamond, which is described as internally flawless, came from ancient mines in india. it sold to an anonymous telephone bidder. it is the highest price per carry -- carat ever paid for a colorless diamond and well above the pre-sale estimate. >> we have to take a break, but when we come back, we will hone in on a country where the cash is not flowing so readily -- spain. >> after the break, we will touch on another challenge. >> that's in a minute. >> welcome back. the spanish government might soon have another problem to add to its plate. recent polls show that more than half of the
. the evening for her. toyota has announced another massive global recall. speaking of the challenges for japanese companies, it's the second for the company in less than two months. the japanese auto giant says nearly three million vehicles, including certain prius models, are affected. toyota says the problems lie with their steering mechanisms and hybrid water pump systems. in october, toyota recalled $7.5 million vehicles worldwide because of faulty power window switches. today's announcement came before the market closed and shares ended down .8 of a percent. >>> in south korea, shares of net korea power are up. we have more from seoul on what supercharged these earnings. >> the number one reason is higher demand for electricity during the hot summer season here in korea. and the second one is electricity price hikes of 4.9% back in august. its net profit came in at $862 million, much better than market expectations, but do note that kepco tends to perform best in third quarters, given hot summer weather here in korea when air conditioners really suck up power. but looking ahead,
so that he can get it and use it or provide toyota someone else who can use it to force people do what they want. so what happens when f.b.i. director who comes into office honorably with the best of intentions as it appears j. edgar hoover did, to battle organized crime that was such a blot on this country. when you're in power too long, as stalin, who should have known, said, with power, dizziness. so there has to be accountability. it's what the founders had in mind. checks and balances. we've seen with the supreme court's decision in obama care that they're going to allow unconstitutional laws to go forward. they're not going to be the ones to rein in violations of the constitution that are contained in bad legislation. you guys in congress need to figure that out. so our chief justice punted on that one. so it's back to us. members of congress have the purse strings and if the administration will not properly appoint a special prosecutor to investigate, not with the intent of putting someone in jail but to see if there is something that needs to be prosecuted if they're not w
Search Results 0 to 8 of about 9 (some duplicates have been removed)